stock options

Companies that were granted stock options after the 2008 stock market collapse are benefiting from those awards too — in the form of tax savings.

In a story and headline May 28 about Motorola Inc., The Associated Press reported erroneously that the company has increased the severance package that co-CEO Greg Brown can walk away with if he does not become the sole chief executive next year.

In an amended employment agreement, Motorola increased the value of stock options Brown will receive on the separation of the company into two parts.

In the separation, Brown will be left running Motorola's Enterprise Mobility and Networks units.

Abbott Laboratories gave Chairman and Chief Executive Miles White less compensation last year, mainly as a result of less in stock options.

A federal judge in Los Angeles has rebuffed an effort by the former chief executive of building giant KB Home to exclude materials related to his marriage settlement and other evidence during his upcoming trial for allegedly manipulating stock options.

The former president and chief operating officer of the online job services company Monster Worldwide has been sentenced in New York to two years in prison for stock options fraud.

Oracle Corp.'s billionaire CEO Larry Ellison padded his fortune with a fiscal 2009 pay package the company valued at $84.5 million, down about $100,000 from the year before and made up mostly of stock options that haven't vested yet.

A federal judge has approved a settlement once valued at about $900 million for a lawsuit pitting UnitedHealth Group shareholders against company executives over a stock options scandal.

Here's what happened: Old National Bancorp of Indiana, along with hundreds of other banks, essentially gave stock options to the government as part of the bailout.

The government now has options to buy stock in 579 banks. But many banks want to buy those warrants back.

Problem is, no one knows exactly how much those warrants are worth.